UTI Asset Management Company Limited (UTI AMC) has announced a significant expansion of its board, appointing five new directors through a circular resolution on October 30, 2025. This move aims to enhance the company's leadership and strategic capabilities across various domains.

Board Appointments

The company has appointed four Additional Directors in the Non-Executive Independent Category and one Additional Director in the Non-Executive Nominee Category. Here's a breakdown of the new appointments:

Terms and Conditions

• The appointments of the four Non-Executive Independent Directors are for a period of three years, from October 30, 2025, to October 29, 2028, and they are not liable to retire by rotation.
• Linsley Carruth's appointment as a Non-Executive Nominee Director is liable to retire by rotation.
• All appointments are subject to shareholder approval.

Professional Backgrounds

The new directors bring a wealth of experience to UTI AMC's board:

• Atul Dhawan: A Chartered Accountant with over four decades of experience in finance and risk management.
• P.V. Bharathi: Brings extensive experience in banking and credit management spanning four decades.
• Philip Mathew: Offers expertise in human resources and business transformation with over two decades of experience.
• Vishakha RM: A Chartered Accountant and Harvard ALI fellow with three decades of experience in marketing and business strategy.
• Linsley Carruth: Currently serves as Director of Investor Relations at T. Rowe Price Group, with over two decades of experience in stockholder engagement and corporate strategy.

These appointments are expected to bring diverse perspectives and strengthen UTI AMC's governance structure. The company's move to expand its board with professionals from various fields indicates its commitment to enhancing its strategic capabilities and corporate governance practices.

Shareholders and market observers will likely watch closely to see how these new appointments influence UTI AMC's future strategies and performance in the asset management industry.

UTI AMC has taken a step to enhance employee ownership by allotting 19,000 equity shares under its Employee Stock Option Scheme. This move marks a development in UTI AMC's corporate strategy.

Key Details of the Allotment

Impact on Share Capital

The allotment of these new shares will result in an increase in UTI AMC's issued and paid-up share capital. Here's how the numbers stack up:

Implications and Rights

UTI AMC has confirmed that the newly allotted equity shares will rank pari-passu with the existing equity shares, ensuring parity among all shareholders. This allotment follows the exercise of options by eligible employees under the scheme.

The company's decision to expand its employee stock ownership program could be seen as a strategic move to enhance employee engagement and retention. By providing employees with a stake in the company's success, UTI AMC may be aiming to foster a stronger sense of ownership and commitment among its workforce.

As the asset management industry continues to evolve, such initiatives may play a crucial role in attracting and retaining talent, which is often considered a key differentiator in the competitive financial services sector.